CRAICRA INTERNATIONAL, INC.
Services-Legal Services
- Revenue
- $752M
- 9.3% YoY
- Operating margin
- 11.1%
- 7.5% YoY
- EBITDA
- $97M
- 18% YoY
- Market cap
- $1.2B
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- 1.1
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 2 of 7
- TSR below peersNo0 of 4 years3+ of last 5 years
- High CEO pay despite TSRNo$4M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes41% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowYes272% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo14% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.1 per 10K words · 36th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$7M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2026 | YoY |
|---|---|---|---|---|---|
| Revenue | $591M | $624M | $687M | $752M | 9.3% |
| Operating income | $59M | $58M | $71M | $83M | 17% |
| Net income | $42M | $39M | $47M | $55M | 17% |
| Operating cash flow | $25M | $60M | $50M | $22M | 55% |
| Capex | $4M | $2M | $17M | $4M | 77% |
| Stock-based comp | $5M | $4M | $5M | $6M | 11% |
| Buybacks | $28M | $31M | $33M | $47M | 41% |
| Dividends | $10M | $11M | $12M | $14M | 12% |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Mar 8, 2021 | SC TO-T | — | — | — |
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $7M · 38
- Net
- −$7M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $4M | $5M | 419 | 134 |
| FY2024 | $4M | $9M | 375 | 158 |
| FY2023 | $4M | $2M | 196 | 156 |
| FY2022 | $4M | $9M | 180 | 141 |